Paul Gruenwald, Asia Pacific Chief Economist for Standard and Poors, said Yesterday on Sky Business, Market Moves that India's GDP which is currently 4-5 % should go to 6-7%. Indonesia's GDP which is 5.75 % should go to 6%. China's GDP should stay between 7-7.5%, he said if it drops below 7% then the Chinese Gov. will do whatever it takes to get it back to within this range (Stimulus?). He also said that the Chinese Urbanisation which is currently at 50% should grow to 70-75%, therefore more infrastructure will be required i.e. roads, bridges, airports, hospitals etc etc.
The podcast is not yet on the Internet but should be available on next week.
http://www.skynews.com.au/podcast/feeds/marketmoves.xml
While you are there, have a listen to podcast on Tuesday 04-03-2014:-
SkyNewsPodcast_MarketMoves_20140304064647.mp3
The Chinese economist talks about Iron Ore, listen from 11.30 minute mark.
- Forums
- ASX - By Stock
- AGO
- ago - $2
ago - $2, page-36
-
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AGO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online